HAMINVEST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HAMINVEST
Largest movements
- Tangible fixed assets -€11,548
down €11,548 (-3.1%), from €374,448 to €362,901
- Receivables within one year -€9,342
down €9,342 (-100%), from €9,342 to €0
of which Trade receivables: -€9,121
- Cash +€5,096
up €5,096 (+156%), from €3,271 to €8,367
mainly Other debts (+€23,500) and Depreciation (+€11,548)
- Other debts +€23,500
up €23,500 (+30.7%), from €76,578 to €100,078
- Debts after one year -€23,333
down €23,333 (-8.2%), from €285,833 to €262,500
- Trade debts -€8,048
down €8,048 (-100%), from €8,048 to €0
- Accrued charges and deferred income -€6,044
down €6,044 (-100%), from €6,044 to €0
- Gross operating margin -€6,749
down €6,749 (-20.0%), from €33,733 to €26,984
- Financial charges -€4,176
down €4,176 (-26.6%), from €15,693 to €11,517
- Depreciation -€2,428
down €2,428 (-17.4%), from €13,976 to €11,548
- Other operating charges +€1,299
up €1,299 (+22.2%), from €5,848 to €7,148
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €387,061 | €371,268 | -€15,793 | -4.1% |
| Fixed assets | 21/28 | €374,448 | €362,901 | -€11,548 | -3.1% |
| Tangible fixed assets | 22/27 | €374,448 | €362,901 | -€11,548 | -3.1% |
| Land and buildings | 22 | €374,448 | €362,901 | -€11,548 | -3.1% |
| Current assets | 29/58 | €12,613 | €8,367 | -€4,246 | -33.7% |
| Amounts receivable within one year | 40/41 | €9,342 | €0 | -€9,342 | -100% |
| Trade receivables | 40 | €9,121 | €0 | -€9,121 | -100% |
| Other amounts receivable | 41 | €221 | €0 | -€221 | -100% |
| Cash at bank and in hand | 54/58 | €3,271 | €8,367 | +€5,096 | +156% |
| Total equity and liabilities | 10/49 | €387,061 | €371,268 | -€15,793 | -4.1% |
| Equity | 10/15 | -€12,776 | -€16,004 | -€3,228 | -25.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,776 | -€21,004 | -€3,228 | -18.2% |
| Amounts payable | 17/49 | €399,837 | €387,271 | -€12,565 | -3.1% |
| Amounts payable after more than one year | 17 | €285,833 | €262,500 | -€23,333 | -8.2% |
| Financial debts | 170/4 | €285,833 | €262,500 | -€23,333 | -8.2% |
| Amounts payable within one year | 42/48 | €107,959 | €124,771 | +€16,812 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €23,333 | €23,333 | = | 0.0% |
| Trade debts | 44 | €8,048 | €0 | -€8,048 | -100% |
| Suppliers | 440/4 | €8,048 | €0 | -€8,048 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €1,360 | +€1,360 | |
| Taxes | 450/3 | €0 | €1,360 | +€1,360 | |
| Other amounts payable | 47/48 | €76,578 | €100,078 | +€23,500 | +30.7% |
| Accrued charges and deferred income | 492/3 | €6,044 | €0 | -€6,044 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,976 | €11,548 | -€2,428 | -17.4% |
| Other operating charges | 640/8 | €5,848 | €7,148 | +€1,299 | +22.2% |
| Gross operating margin | 9900 | €33,733 | €26,984 | -€6,749 | -20.0% |
| Operating profit (loss) | 9901 | €13,909 | €8,289 | -€5,620 | -40.4% |
| Financial charges | 65/66B | €15,693 | €11,517 | -€4,176 | -26.6% |
| Recurring financial charges | 65 | €15,693 | €11,517 | -€4,176 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,784 | -€3,228 | -€1,444 | -81.0% |
| Profit (loss) for the period | 9904 | -€1,784 | -€3,228 | -€1,444 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,784 | -€3,228 | -€1,444 | -81.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.